Notification u/s 35AC - Notifies the scheme Seva Parmo Dharm (Trust) - 37/2012 - Income Tax

Notification No. 37/2012 Dated: 14 th May 2012 S.O. 1070(E) Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1649(E), dated 12th July, 2010 , issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act 1961 (43 of 1961) , the Central Government had notified at serial number 22, Apna Ghar by Seva Parmo Dharm (Trust), 13-14 Jal Vihar Colony, Hiran Magri, Sector 4, Udaipur, as an eligible project or scheme for a period of three years beginning with the financial year 2010-11; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 , for amending the project cost of ₹ 2.01 crore including a corpus fund of ₹ 50 lakh to ₹ 6.11 crore including a corpus fund of ₹ 225 lakh; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act 1961 (43 of 1961) , (a) hereby notifies the scheme or project Apna Ghar which is being carried out by Seva Parmo Dharm (Trust), 13-14 Jal Vihar Colony, Hiran Magri, Sector 4, Udaipur ; (b) further amends the said notification number S.O. 1649(E), dated 12th July, 2010 , to the following effect, namely : In the said notification, in the Table against serial number 22, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC of the Income-tax Act 1961 for the letters, figures and word ₹ 2.01 crore including a corpus fund of ₹ 50 lakh the letters, figures and word ₹ 6.11 crore including a corpus fund of Rs. 225 lakh shall be substituted. [F.No. V. 27015/2/2012-SO(NAT.COM.)]